Stock
China stocks fall sharply, set to snap winning streak
SHANGHAI (Reuters) – Mainland China stocks opened sharply lower Wednesday and were poised to snap a 10-day winning streak after...
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NZ’s central bank cuts rates 50 bps, keeps door open for more easing
By Lucy Craymer WELLINGTON (Reuters) -New Zealand’s central bank slashed rates by 50 basis points on Wednesday and said policy...
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China’s scorching rally takes a breather to wait on stimulus
SINGAPORE (Reuters) – Chinese shares fell on Wednesday and commodities nursed sharp losses as investors tempered enthusiasm for a Chinese...
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CBO estimates $1.8 trillion US deficit for fiscal 2024, largest after COVID
By David Lawder WASHINGTON (Reuters) – The Congressional Budget Office estimated on Tuesday a U.S. federal deficit of $1.834 trillion...
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Water utility American Water disconnects computers following ‘cybersecurity incident’
(Reuters) – U.S. water and sewage utility American Water (NYSE:AWK) said it has paused billing, yanked its customer service, and...
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Gold and coffee boost September hedge fund returns, says Societe Generale
By Nell Mackenzie LONDON (Reuters) – Gold and coffee helped to deliver trend-following hedge funds a positive result in September,...
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Kenya central bank cuts main lending rate to 12%
NAIROBI (Reuters) -Kenya’s central bank cut its benchmark lending rate to 12.00% on Tuesday, from 12.75%, the bank’s monetary policy...
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Lula nominee to head Brazil central bank emphasizes freedom in decision making
By Marcela Ayres BRASILIA (Reuters) -Brazil President Luiz Inacio Lula da Silva’s nominee to lead the central bank starting next...
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Citi hires LaVoie from Wells Fargo to head West Coast private equity M&A
By David French (Reuters) – Investment banker John LaVoie is joining Citigroup to head up its U.S. West Coast private equity...
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China expresses concern over US chip and connected vehicle policies
BEIJING (Reuters) -China’s commerce minister on Tuesday raised “serious concerns” with U.S. Secretary of Commerce over U.S. semiconductor policies towards...
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